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Upon the Presiding Bishop's recommendation, the First Presidency calls two other men to assist the Presiding Bishop as his counselors; together these three compose the church's Presiding Bishopric. As well as being ordained to the Aaronic priesthood office of bishop, the members of the Presiding Bishopric are general authorities of the church. Like all other functioning bishops in the church they are ordained high priests in the Melchizedek priesthood. The Presiding Bishopric forms the governing body of the Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter-day Saints, which is the legal entity owning many of the church's assets and holdings in some countries around the world.

The primary duties[1] of the Presiding Bishopric is to oversee the temporal affairs (buildings, properties, commercial corporations, etc.) of the church and to oversee the bishoprics of congregations throughout the world. Along with the First Presidency and Quorum of the Twelve Apostles, the Presiding Bishopric is a part of the Council on the Disposition of the Tithes, a group that oversees and authorizes the expenditure of all tithing funds. The Presiding Bishopric is also responsible for overseeing the church's Aaronic priesthood, although most of the work in this area is delegated to the Young Men general presidency.

The office of Presiding Bishop shares its origin with that of bishop. Edward Partridge was the first man ordained to the office of bishop in the early Church of Christ on February 4, 1831. This office became known as the First Bishop and later the "Presiding Bishop" to distinguish the calling from subordinate bishops who began to be called in the Nauvoo period (1839–44). The first person to be referred to as the "Presiding Bishop" of the church was Newel K. Whitney, who was given the title in 1847 when the First Presidency was reorganized.

Since beginning his term of service in 2015, the church's current Presiding Bishop is Gérald Caussé.

^George Miller was dropped as "Second Bishop of the Church" prior to 1847 due to apostasy .

^Though the change in the Presiding Bishopric was announced after the October 2015 General Conference, it was not ratified by the sustaining vote of the church in the next conference, which was held in April 2016.